2-5 event at Quail Hollow, where he played last year.
Tournament director Gary Sobba confirmed the absence of the 15-times major champion.
Woods does not like playing the week before a major championship, which all but rules out an appearance at the May 9-12 Byron Nelson tournament in Dallas.
Therefore, the PGA Championship, to be held at Bethpage in New York from May 16-19, is where he will next be sighted.
Woods ended a decade-plus major drought when he won the Masters two weeks ago, moving to within three of matching the record 18 major titles won by Jack Nicklaus.
(Reporting by Andrew Both in Cary, North Carolina)
